Date: June 26, 2025
CLANKER/USDT has just broken out of a long-term descending triangle pattern, a move that signals a shift in market sentiment from bearish to bullish. This breakout is accompanied by increasing volume and rising momentum, indicating strong buyer interest.
📊 Technical Overview:
Current Price: $46.44
Breakout Level: ~$45.00
Key Support Levels:
$41.32 (local support and former resistance)
$22.73 (macro support zone)
📈 Resistance/Target Zones:
Short-Term Target: $68.09 (first measured move)
Mid-Term Resistance: ~$105–110 zone (historical supply)
Long-Term Target: $145.00 (measured projection from pattern breakout)
📈 Indicators:
RSI: 72.09 – bullish momentum confirmed, entering overbought zone (but healthy in breakouts)
Moving Averages (EMAs): All EMAs are beginning to turn upwards and align bullishly, with price now clearly above them.
📉 Volume:
Volume has shown a steady uptick since early June, confirming the breakout is supported by accumulation and strong demand.
🔍 Chart Structure:
Price was previously stuck in a descending triangle with a base around the $22–45 range.
Breakout has occurred above both horizontal resistance and the descending trendline.
Bull flag or ascending triangle structure formed just before breakout, confirming the build-up phase.
🎯 Upside Projections:
First Target: $68.09
Second Target: ~$105–110 (historical supply zone)
Final Target: ~$145.00 based on the measured move from the height of the descending triangle.
📉 Invalidation:
A move back below $41.32 would weaken the bullish case.
A breakdown below $22.73 would invalidate the entire bullish thesis and suggest renewed selling pressure.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.